How much money did social media influencer Logan Paul lose on his 'Bumblebee' NFT investment? The answer offers insights into NFT valuations. Meanwhile, bitcoin's late Monday dip sent it down 2%. TheSamReynolds and JPRubin23 report
Ten-year Treasury yield daily close: 3.89%Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index ; Ether is the CoinDesk Ether Price Index ; Gold is the COMEX spot price. Information about CoinDesk Indices can be found atBitcoin continued its recent sedentary lifestyle on Monday, and the trend seems likely to continue, at least until the next inflation report later this week.
This Thursday, the Bureau of Labor Statistics latest Consumer Price Index is widely expected to show a slight decrease from last month's 8.3 reading, hardly enough to sway current U.S. central bank, monetary hawkishness and allay fears of a harsh recession. Both events would hurt riskier assets, including crypto.
He added:"That is going to tie the Fed's hands. They are going to have to carry on increasing interest rates, which is going to weigh down crypto markets. So on Thursday, we're not going to see much good news for crypto markets."
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